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Wednesday, June 8, 2011

what will be the gold price in 2011 - 2012

what will be the gold price in 2011 - 2012 ; Economists at Goldman Sachs believe that gold prices will continue to rise in 2011 due to the low interest rates, the second round of the quantitative easing in the United States and high investors’ demand for gold as a safer asset. In a year gold price will climb to $1,690 an ounce, think the analysts.

Then in 2012, when US economic growth is going to gain pace and the country’s real interest rates will start rising, gold price will reach its maximum $1,750 an ounce and begin easing down. According to Goldman, the average gold price for 2012 is equal to $1,700. The bank raised the growth forecast for American economy to 2.7% in 2011 and 3.6% in 2012.

The specialists note that although they expect gold to gain value the next year it’s necessary to hedge against the declines of the price and suggest using a covered call option and fully finance a put option.

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